Magic Eden Launches Cross-Chain Rewards Program
Magic Eden has introduced a new cross-chain rewards program that encourages the use of its NFT marketplace across various blockchain networks, including Solana, Bitcoin, Ethereum, and Polygon. Users can also earn rewards through its multi-chain wallet. Additionally, Magic Eden has partnered with a Non-Fungible DAO to open-source its minting and trading protocols and plans to release an NFT token called “NFT” as a reward for traders.
The Rewards Program
The rewards program aims to incentivize NFT traders, collectors, and creators. Users can earn points called “Diamonds” on the Magic Eden marketplace. However, it is unclear how these Diamonds will be used or if they will be redeemable. According to Magic Eden General Manager Tiffany Huang, users who utilize Magic Eden’s protocol are likely to receive the upcoming NFT token from Non-Fungible DAO.
Retroactive Drop for Solana OGs
Magic Eden is giving back to its Solana community by offering a retroactive drop of Diamonds. The claim for this drop will remain open until March 3. Diamonds will be distributed daily based on users’ activity percentage on that day.
How to Earn Diamonds
To maximize your Diamond earning potential, Magic Eden suggests buying NFTs, listing them, placing collection offers, and boosting your Loyalty score. Larger purchases and listings closer to the collection’s floor price earn more Diamonds. Placing offers on top 100 collections and interacting with trending collections also increase Diamond rewards. A Loyalty score of 100% grants a 100% bonus in Diamonds.
Hot Take: Mine Your Diamonds with Magic Eden’s Rewards Program
Magic Eden’s cross-chain rewards program is an innovative way to incentivize NFT traders, collectors, and creators. By earning Diamonds on the marketplace, you have the opportunity to unlock exclusive benefits and potentially receive the upcoming NFT token from Non-Fungible DAO. With various strategies to maximize your Diamond earnings, such as buying NFTs, listing them, and boosting your Loyalty score, Magic Eden offers a rewarding experience for its users. Start mining your Diamonds today and explore the exciting world of NFTs with Magic Eden!
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